Investor Gary Vaynerchuk Says NFTs Are Like the Dot-Com Bubble
"We are in a very similar place to where we were with internet stocks in 2000," the CEO of VaynerMedia said of Tuesday.
NFT prices are falling, but it doesn't point to a market crash as investors eye long-term value.
The top auction house said its first auction of NFTs created by anonymous artist Pak “scrutinizes our understanding of value.”
Trading volume on decentralized exchanges also saw a similar pattern of steady growth and a slight decline near the end of the first quarter.
As chief legal officer, Olta Andoni will be navigating uncharted waters, given the novel and complex issues posed by NFTs.
It has been a challenging time for creatives. NFTs have seen growth by creating opportunities for struggling artists and their fans.